Problemkid1:
But our economy is now getting stronger just wait by 2020 or 2021 and see how our economy will become stronger buhari is not drunkard uhuru who borrowed money to pay dept chaii

Whats the latest growth rate? still in the 1 % range

Ok, now imagine sickly Bubu and Uhuru in the boxing ring

rvp2018:
Make belief from a country that have been under bailout for 16 times - out of 60 yrs it has been independent . That is roughly bail out every 3 yrs. As soon as you're done with one IMF bailout - you're immediately admitted to another.

Truly the sick man of Africa - no wonder Nigerian laugh when they hear Ghana [/b]. The symptoms are usual the same - currency depreciating so badly, debt repayments become impossible, import become expensive and inflation rises, Interest rate shoot through the roof etc - and IMF send an ambulance down Accra to try to resuscitate Ghana once again. Must be the best job to do in Breton hood, Washington Dc.

The problem I think is foundation that Kwame planted in Ghana...Communism.

As regard Kenya - we import about 18-20B - about 1-2B is food - please do some research.

Kenya economic fundamentals have not changed much - for 30yrs we have had underlying inflation around 5% - we have had very stable currency - we have had generally low interest compared to SSA average - we have had robust debt management.

That is why Kenya is Africa largest non-mineral economy - and quite advanced - outside SA in SSA.

Your problem is you are not doing independent thinking? Ghana had has its worst years but she has come out strong and not even a politically motivated economy like kenya can ride it. with Ghana consistent growth, it only takes some years for Ghana to over throw your GDP that has been rebased more than sevem times

I mf don't manage economy, they only give advices since what leads to calling on imf is bad economic policies . You guys even need a better economy management team to managed your excessive budget deficits, un-targeted subsidies, overvalued exchange rates. etc. --.

For example, you country sett up the price of electricity below the cost of producing and distributing it which only serves the interests of those with a lot of electrical appliances — the rich — while starving the system of funds needed to maintain and expand service to a wider share of the public. Likewise, maintaining an overvalued exchange rate which only allows urban consumers to buy imported goods at low prices, while making it impossible for existing and potential exporters to earn the foreign exchange needed to cover the cost of those imports. this is why kenya is borrowing to pay debts . debt to debt .....

for Ghana to be drag into this mess , she will rather borrow from imf ( that seems more prudent) . Your goverment are seriously fooling you.

Kazikazi:
European union don't want to support Tz because of gov stance on gays and lesbians.Now days,u can hardly see a cent from European dudes

No African country supports gays and lesbians except SA and maybe Bots. Lame excuse.

gallivant:


You should have quoted the one which shows Safaricom alone is bigger than your top 20 companies combined. If in doubt ask for the quote.

We have formed a huge mining company in Tz.Twiga minerals. That will close up your mouth about ur fictitious small shop called safaricom

rvp2018:
The more we debate - the more I realize just how light weight you're in these stuff.

Let stick to facts - not our wishes like Kenya will become GREECE. Facts as of today.

1) Ghana is still under IMF BAIL OUT PROGRAMME.
2)This is GHANA 16th IMF BAIL OUT PROGRAMME. You're only independent in paper.
3) CEDIS is annually deteriorating. Next year you can bet 6 CEDIS to a dollar.
4) Don't talk about debt management when you ran still under IMF BAIL OUT.

In short the more we examine Ghana - the more we realize the rosy story is actually fake.

Fact still remains

1) Ghana is not uder IMF confidence building programme.
2) the more we look at Ghana, the more we realise all the IMF programmes Ghana has gone through were unnecessary but because of the nature of the tight politics in Ghana, parties used it as an escape. by playing the IMF

Even with the Cedi depreciation, it still remains a strong currency than the kshs.
Everyone will choose a currency they can predict to store their wealth than one that is fluidly backed by debt.

TayserMahri:


No African country supports gays and lesbians except SA and maybe Bots. Lame excuse.

So may be the use the issue of gays to weaken us.

vaxx2:
At indepence, only few country can claim is richer than Ghana that was when gold value was very high and dollars hasn't become the major reserve currency. not even Nigeria was richer than Ghana. so where comes the historical untrust of the cedis. what causes dollarization is simply trade. Ghana do much more import per head than kenya and Tanzania in combine . you can imagine the pressure on dollar by buisness men...

Ghana import more of machines and cement product. that is hard currency ( Ghana so has a lot of cliniker which is yet to be tapped).most of what you Kenyans are largely importing are food . food is taking a larger chunk of your forex.

I just repeat TZ makes more money on export than you guys and this is largely blame on your overvalued currency.

And the astonishing part of your economy is the attitude of using debt to pay debt . what a mess of an economy? your country is using the money it has borrowed to repay another debt, no new wealth is been created, which is causing your credit rating to fall

This is the reasons investors are demanding a higher interest rate to compensate for their risk since they know they will lose their money.

Kenya dept is costlier to repay ...your economy is in the hands of bad management .

Peter is paying paul.
The day peter will say no, all hell will break lose

#Ponzi

mtisTheQubit:

Yes they sprinkle stuff on their bodies before a game...helps alot ...wonder why it didnt work when they faced the Germans...

Maybe it rained and all the sprinkles stuff got washed up.

samorobo:


And the funny thing is that the debt keeps growing while adding more to the previous one....

Rvp and you have the hits to say Nigeria borrow to pay salaries when you borrow to pay old debt...like this is super insane.

both are bad because it strangulates the economy

Kazikazi:
So may be the use the issue of gays to weaken us.

Leave the gays to themselves. How much of your national budget is Aid? Very simple question.

gallivant:


Did you place your bet kazikazi?

I don't bet.I don't depent on lucky

Just30:
Peter is paying paul.
The day peter will say no, all hell will break lose

#Ponzi

ponzi pyramid scheme

Kazikazi:
We have formed a huge mining company in Tz.Twiga minerals. That will close up your mouth about ur fictitious small shop called safaricom

When does it begin operations? Does it arrive via the electric SGR because that's a long wait.

Kazikazi:
So may be the use the issue of gays to weaken us.

The railway kazi give us the test run results of the most electrified railway on the continent you guys couldnt even place a wagon on two tracks

vaxx2:
At indepence, only few country can claim is richer than Ghana that was when gold value was very high and dollars hasn't become the major reserve currency. not even Nigeria was richer than Ghana. so where comes the historical untrust of the cedis. what causes dollarization is simply trade. Ghana do much more import per head than kenya and Tanzania in combine . you can imagine the pressure on dollar by buisness men...

Ghana import more of machines and cement product. that is hard currency ( Ghana so has a lot of cliniker which is yet to be tapped).most of what you Kenyans are largely importing are food . food is taking a larger chunk of your forex.

I just repeat TZ makes more money on export than you guys and this is largely blame on your overvalued currency.

And the astonishing part of your economy is the attitude of using debt to pay debt . what a mess of an economy? your country is using the money it has borrowed to repay another debt, no new wealth is been created, which is causing your credit rating to fall

This is the reasons investors are demanding a higher interest rate to compensate for their risk since they know they will lose their money.

Kenya dept is costlier to repay ...your economy is in the hands of bad management .

That right there is absolute foolishness...There is absolutely no sense in that.....I think what their govt need is common sense...

Let me summarize. IMF bailout are bad news. You should avoid it by managing your macro-economics better. Macro-economics - stable currency, low single digit inflation, low interest,etc

Your electricity sector is worse than kenya - you sign even more lopsided 'take or pay' contracts with power producers - and you're losing 1B dollars in excess capacity annual. You consume 3000MW with whooping 2000MW idle. At least in Kenya we stopped in time - we now have idle 1000mw. Tanzania and Ethiopia are about to face the music - of excess capacity.

Kenya we long turned the corner - we are nailing our challenges one by one - very soon Ghana will be back on their 18th IMF bailout as we become a middle class country.

You country is one huge pendulum swinging wildly - one minute growing at 1% - next 8% - fix that - fix the macro-economics - and maybe mayabe you can be taken seriously.

vaxx2:
Your problem is you are not doing independent thinking? Ghana had has its worst years but she has come out strong and not even a politically motivated economy like kenya can ride it. with Ghana consistent growth, it only takes some years for Ghana to over throw your GDP that has been rebased more than sevem times

I mf don't manage economy, they only give advices since what leads to calling on imf is bad economic policies . You guys even need a better economy management team your excessive budget deficits, un-targeted subsidies, overvalued exchange rates. etc. --.

For example, you country sett up the price of electricity below the cost of producing and distributing it which only serves the interests of those with a lot of electrical appliances — the rich — while starving the system of funds needed to maintain and expand service to a wider share of the public. Likewise, maintaining an overvalued exchange rate which only allows urban consumers to buy imported goods at low prices, while making it impossible for existing and potential exporters to earn the foreign exchange needed to cover the cost of those imports. this is why kenya is borrowing to pay debts . debt to debt .....

for Ghana to be drag into this mess , she will rather borrow from imf ( that seems more prudent) . Your goverment are seriously fooling you.

Just30:
Fact still remains

1) Ghana is not uder IMF confidence building programme.
2) the more we look at Ghana, the more we realise all the IMF programmes Ghana has gone through were unnecessary but because of the nature of the tight politics in Ghana, parties used it as an escape. by playing the IMF

Even with the Cedi depreciation, it still remains a strong currency than the kshs.
Everyone will choose a currency they can predict to store their wealth than one that is fluidly backed by debt.

I still maintain it is better to seek for IMF bail out than using debt to service debt . what a mess.


Rvp only want us to exposed kenya the more and that is interesting......

Kazikazi:
I don't bet.I don't depent on lucky

The bet wasn't based on luck, it's about hard work and you not winning a single medal in the coming Tokyo Olympics. The bet was 50$ or 3 trillion Tshs. You in?

mtisTheQubit:

You got admit your curse is the worst of all...man use f**k stuff an stop there..its like me i hate cursing in Swahili coz it sounds more vulgar than usual...a F**k in english is more gentle than saying f**k in Swahili

rvp2018:
Nigeria spend 70% of budget repaying debts. Typical country budget is 30% salary & pension; 20% recurrent expenditure: 20-30% to repay debt: and remainder 10-20% for development. Now if you already spend 70% to repay debt...what will you pay salaries or pension with?

Tanzania follows with 50%.

Kenya is at comfortable recommended 30%.

My dear you fool yourself alot...Who uses debt to pay debt btw

mtisTheQubit:


North Korea is a notoriously secretive place that is often hostile to outsiders, especially Western journalists. Which means that getting an unfiltered, unvarnished look at everyday life inside the Hermit Kingdom is incredibly rare. Most of what the outside world gets to see is carefully crafted regime propaganda or the occasional heavily edited, stylized documentary.
i might add its led by supreme leader just like another (communist ) country i know..

When north Korea construct a skyscraper, the west complain.When NK makes Pyongyang cleaner than cities in america,the west complains. Why? Is cleaning a city a propaganda? Is having your own software systems a propaganda?

Debt-refinancing is use by many countries including US and China right now as you speak. US for example don't pay debt with cold hard cash - they mostly borrow more - or refinance or rollover debt.

That leave you with revenues that you collected to be used to pay salaries, recurrent expenditure and spare some for some capital expenditure or development.

samorobo:


My dear you fool yourself alot...Who uses debt to pay debt btw

mtisTheQubit:

How many naijas have jumped to extreme poverty since you started posting...

Distractions...I rebuke every spirit of distractions that will stop me from learning about Kenya.....

Don't console yourself IMF bailout is what Greece went through. It basically mean you're about to default and spread your sickness to global financial system. IMF was formed for exactly that reason. World Bank is for development. IMF is to police bad boys like Ghana who cannot manage their finance - and so they arrive in Accra - and run your country until you sort your issues.

What is IMF bailout?
A bailout is a colloquial term for the provision of financial help to a corporation or country which otherwise would be on the brink of failure or bankruptcy. ... A bailout can, but does not necessarily, avoid an insolvency process.

Just30:
Fact still remains

1) Ghana is not uder IMF confidence building programme.
2) the more we look at Ghana, the more we realise all the IMF programmes Ghana has gone through were unnecessary but because of the nature of the tight politics in Ghana, parties used it as an escape. by playing the IMF

Even with the Cedi depreciation, it still remains a strong currency than the kshs.
Everyone will choose a currency they can predict to store their wealth than one that is fluidly backed by debt.

gallivant:


When does it begin operations? Does it arrive via the electric SGR because that's a long wait.

They are operating.All big mines which were under Acacia have been taken.This huge mining conglomerate will rival any south African company.remember, we stopped competing with kiberans.we are competing with big boys now

samorobo:


Distractions...I rebuke every spirit of distractions that will stop me from learning about Kenya.....

In all seriousness, I heard you add 5 people to extreme poverty every minute in Nigeria. Is it that true or fake news?

rvp2018:
When you have a well-diversified economy - one or two sector can go down - without affecting the overall health of the economy. That is kenya for you. We can sometimes have tourist going down due to terrorism - or drought making our agricultural production reduce - but rest of the economy hold it up.

Now for you - Oil price come down 10 dollars - and you're gone straight to ICU.

You didn't reply me based on what I said....Answer my question..why do all those things have to happen when your economy is supposedly growing at 5.6%...Something is cooking somewhere.. ask kenyatta

5.6% is slow down from 6.1% last year.

samorobo:

You didn't reply me based on what I said....Answer my question..why do all those things have to happen when your economy is supposedly growing at 5.6%...Something is cooking somewhere.. ask kenyatta

Just30:
who imports machinery and their export value doesnt grow

Kenyaaa it is economically foolish.

aside tea and coffee nothing leaves the shore of Kenya.

Kazikazi:
They are operating.All big mines which were under Acacia have been taken.This huge mining conglomerate will rival any south African company.remember, we stopped competing with kiberans.we are competing with big boys now

I see the lack of creativity and stubborn communist tendencies. So basically, true to your lazy selfs, just nationalized Acacia Mining assets and claimed you formed a new company? It will fail woefully just like Air Tanzania.

rvp2018:
Let me summarize. IMF bailout are bad news. You should avoid it by managing your macro-economics better. Macro-economics - stable currency, low single digit inflation, low interest,etc

Your electricity sector is worse than kenya - you sign even more lopsided 'take or pay' contracts with power producers - and you're losing 1B dollars in excess capacity annual. You consume 3000MW with whooping 2000MW idle. At least in Kenya we stopped in time - we now have idle 1000mw. Tanzania and Ethiopia are about to face the music - of excess capacity.

Kenya we long turned the corner - we are nailing our challenges one by one - very soon Ghana will be back on their 18th IMF bailout as we become a middle class country.

You country is one huge pendulum swinging wildly - one minute growing at 1% - next 8% - fix that - fix the macro-economics - and maybe mayabe you can be taken seriously.

let see how Ghana has decided to solve it energy overcapacity
We have built our capacity to supply to as far as Niger.

Ghana is revamping her industrial capacity to gulp power production.

Just30:
Peter is paying paul.
The day peter will say no, all hell will break lose

#Ponzi

That's funny.All loans has interest.In a long run,that won't be sustainable. The interest from loans will pile up until they won't have any one to trust to give loans